Bitcoin Cash 'flippening' is like realizing that your car's engine is messed up, and thinking that larger tires are the solution.

in #bitcoin7 years ago (edited)

Bitcoin itself is a store of value, that can be used for transactions, albeit with a slow transaction speed due to the difficulty level, block size, and a half-dozen other factors.

Bitcoin Cash isn't a store of value. It is a proposed solution to the problem of slow transaction speed, but the only thing it actually 'fixes' is the block size problem - and that just temporarily.

In a world where there are at least a dozen altcoins that already handle transactions better & faster than both, why would anyone think that BCH is a solution to anything? There are so many coins that have already tackled this problem, and have YEARS of development behind them at this point.

If you want ASIC-resistance and faster transactions, there's already a Vertcoin.

If you want lower fees and faster transactions, there's already a Lumen.

If you want proven speed using the Lightning network, there's already a Litecoin.

In what world, exactly, is Bitcoin Cash solving a problem that hasn't already been solved by better teams? It feels like a blatant power-grab by miners who fail to realize that usurping the throne with an up-jumped shitcoin only serves to leave the whole community reeking, and proving the Jamie Dimons' of the world right.

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